Required information [The following information applies to the questions displayed below. A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $7 per 1b. 3 hrs. @ $17 per hr. 3 hrs. @ $12 per hr. Actual 52,100 lbs. @ $7.10 per lb. 25,600 hrs. @ $17.40 per hr. $316,600 8,600 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the standard cost per unit. Direct materials Direct labor Overhead Total Required Required 2 > Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for fa variance.) Total cost variance